- Ari, the public alpha release of the OMG Network, implements More Viable Plasma for ETH transfer and Minimal Viable Plasma for ERC-20 token transfer.
- Plasma utilizes several plasma chains or child chains which will take considerable load off the main blockchain.
In a major breakthrough for plasma and blockchain scalability, OmiseGO(OMG) announced the public Alpha release of the OMG Network. The release is named “Ari” which means “hospitable, gentle, accommodating” in Thai. OmiseGO believes that Ari has reached the desired level of functionality and stability required for public testing.
OmiseGO stated in a blog post:
“This version of the OMG Network implements More Viable Plasma for ETH transfer and Minimal Viable Plasma for ERC-20 token transfer, with a single operator, secured against the Rinkeby Ethereum Testnet. It supports the full plasma lifecycle — deposits, transfers, exits, and in-flight exits. In our testing, we’ve already been able to process over 1.2MM transactions with a peak measured throughput of over 2700 transactions per second so far.”
Plasma is one of the main scalability techniques that both Ethereum and OmiseGO are working on. Plasma utilizes several plasma chains or child chains which will take considerable load off the main blockchain and help in achieving exponential scalability.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC consolidates while ETH and XRP show some strength
Bitcoin (BTC) consolidated between $94,000 and $100,000 in the last nine days. Ethereum (ETH) and Ripple (XRP) prices stood relatively stronger and have gained nearly 3% and 7%, respectively, this week.

Trump's US reciprocal tariffs pause fails to improve Bitcoin and crypto market outlook
Bitcoin (BTC) and top cryptos halted their declines following a pause in President Donald Trump's reciprocal tariff plans, which were originally scheduled to go live on Thursday.

Ripple vs SEC battle nears end as the regulator acknowledges Grayscale XRP ETF filing
Ripple's XRP is up 4% in the early hours of Friday following the Securities and Exchange Commission (SEC) acknowledgment of Grayscale's 19b-4 filing to convert its XRP Trust to an ETF.

200,000 New Investors Buy Ripple (XRP) 30-Days After Gensler’s Farewell: What Next for Stellar (XLM)?
Ripple (XRP) price consolidated around $2.40 on Thursday, up 11% since Monday, technical indicators suggest Stellar (XLM) has joined the rally.

Bitcoin: BTC consolidates before a big move
Bitcoin's (BTC) price has been consolidating between $94,000 and $100,000 for the last ten days, and, when writing on Friday, it hovers around $97,000. Despite this consolidation, US Bitcoin spot Exchange Traded Funds (ETFs) data recorded a total net outflow of $650.80 million until Thursday, hinting signs of weakness among institutional investors.

The Best Brokers of the Year
SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.